“Over the past year, society’s tolerance of sins in industry (#MeToo), sinful industries (#boycottNRA), and soul-selling industries (#deleteFacebook) have been upended by rapid changes in culture and the rise of threats of economic damage from angry stakeholders. What all these events have in common is that cultural shifts are altering suddenly and profoundly the risk environment for businesses.”Risk and Insurance Management Society
October 29, 2018
“Enterprise risk managers need to view these risks as they would view tornadoes.”
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Reputation risk management is strategic governance, leadership, controls and insurance.
Risk governance and management, risk financing, and risk transfer through insurances comprise the constituent elements of a comprehensive enterprise reputation risk management solution.
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